Tortola, British Virgin Islands, September 29th, 2024, Chainwire
RootData, a crypto asset data platform, announced the official launch of its V3 version on the X platform, with its main iterative feature being the Top 100 ranking of hot crypto projects.
This Hot Index is based on the weighted calculation of behavioral data such as searches, clicks, and votes from users of the RootData, as well as multi-dimensional data such as X popularity, aiming to restore the true hotness of crypto projects and help users improve the accuracy of investment decisions.
Multidimensional Data from 4.3 Million User Actions Reveals True Attention Trends
RootData has built a large user base by encapsulating on-chain and off-chain data of crypto assets with enhanced data structure and readability as a trusted data layer for the crypto ecosystem.
Since its launch, RootData has accumulated over 2 million unique users. Its data has been frequently cited by mainstream media such as The Wall Street Journal, CoinDesk, Cointelegraph and prominent crypto influencers.
RootData continues to expand its ecosystem, partnering with dozens of well-known projects including OKX, Tokenpocket, and 0xscope, to establish a data network advantage.
RootData secured a $1.25 million seed round in April, led by NLVC. The round saw participation from several notable investors, including listed company Boyaa Interactive (00434.hk), Bonfire Union Ventures (Mask Network’s fund), Skyland Ventures, Orbiter Finance founder Gavin, and 0xScope co-founder Jackson.
RootData aims to give back to its ecosystem users by revealing genuine attention trends in the crypto space.
Unlike some data platforms that rely solely on a single evaluation metric, RootData’s real-time “Crypto Hot Projects Ranking” incorporates multidimensional data indicators based on user behavior.
The “Crypto Hot Projects Ranking” is one of the few data platforms that captures the attention of both primary and secondary market investors.
Real-time Sentiment Dashboard Helps Users Refine Decision Granularity
RootData’s “Crypto Hot Projects Ranking” essentially quantifies real-time data changes in crypto asset sentiment and consensus.
The ranking presents real-time investment sentiment changes through “Hot Index Trend (24h),” “Soaring Rankings,” and “Daily Votes” sections, helping users identify potential opportunities ahead of the curve.
RootData’s product lead, CC, offered many use case inputs from beta testers. For example, one user noticed a steep 24-hour Hot Index trend curve for a project, which was followed shortly by a major announcement from that project.
Another user routinely focuses on the “Soaring Rankings,” tracking the top 20 projects with the fastest-rising Hot Index rankings, and found these projects to be among the most active in the subsequent period.
Moreover, several beta testers reported that using tools such as the “Hot Index Trend (24h)” for investment guidance provided a certain degree of foresight compared to news-based investing on social media channels, allowing for earlier entry or exit decision opportunities.
Some users analyze competitive landscapes within sectors by comparing hot values of similar projects.
Unlike traditional platforms that rely on single, often inaccurate data points, RootData’s “Crypto Hot Projects Ranking” offers a more comprehensive and dynamic approach. Updating hourly, it provides timely insights into market sentiment, including earlier-stage projects.
The ranking system allows users to filter by sectors and time intervals, comparing hot values across categories like “Infrastructure,” “Layer2,” or “DeFi” over 24-hour or 7-day periods.
Additionally, RootData empowers users to actively participate in shaping asset sentiment through its voting feature. Users can vote “Bullish” or “Bearish” on popular projects, directly influencing the Hot Index statistics and creating a more engaged, community-driven analytics platform.
Beyond referencing hot rankings or sentiment indicators such as the “Hot Index Trend (24h),” users can access regularly updated sub-lists of recent financings and project developments to avoid missing key events.
RootData’s product lead CC revealed plans to introduce Telegram-compatible user voting scenarios, further enhance the intelligence of public opinion and search models, modularize Hot Index values to cover more investment and trading use cases, and strive to provide reliable transaction decision data for over 400 million crypto investors, Making Crypto Investing Easier.
About RootData
RootData operates as a Crypto asset data platform, processing over 3.4 million search requests monthly. It has established itself as an essential data resource for investment decision-making, serving more than 2 million Crypto users. RootData is committed to evolving into a productivity-enhancing tool for Crypto enthusiasts and investors, providing comprehensive and reliable information to support their activities in the Crypto space.
Early investors in RootData include reputable professional entities such as Northern Light Venture Capital (NLVC), Boyaa Interactive (00434.HK), and Mask Network. Moreover, data and research from RootData have been frequently cited or reported by authoritative institutions within and outside the Crypto industry, including The Wall Street Journal, Cointelegraph, Binance Research, and The Block.
Official website：https://www.rootdata.com/
Telegram：https://t.me/Rootdatalabs
Medium：https://rootdatalabs.medium.com/
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